Fin, founded by two former Citadel engineers, has secured $17 million to develop a stablecoin-powered app designed to simplify and speed up cross-border payments.

The platform uses dollar-pegged stablecoins to cut costs, reduce settlement times, and avoid cryptocurrency volatility for international transfers.

Backed by experienced founders, Fin targets a growing market as banks and fintechs explore digital assets, though regulatory hurdles and adoption remain key challenges.